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No. 3148 Determining that the tax increment which may be collected in the year 2014 is needed to satisfy obligations of the Commission and that no excess assessed value may be allocated to the respective taxing units and other related matters
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No. 3148 Determining that the tax increment which may be collected in the year 2014 is needed to satisfy obligations of the Commission and that no excess assessed value may be allocated to the respective taxing units and other related matters
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2/11/2014 9:48:11 AM
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7/19/2013 11:14:35 AM
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CITY OF SOUTH BEND, INDIANA <br />Department of Community Investment <br />Determination of TIF Need by Reviewing Potential Projects <br />for Calendar Year 2014 <br />Douglas Road Economic Development Area <br />ANTICIPATED TIF REVENUE - 2014 <br />DEBT SERVICE <br />Debt Service Payments <br />Increases in Debt Service Reserves <br />PROJECTS <br />Street Improvements <br />Bus Shelters <br />Description <br />$320,750 <br />Payments due for 2013 total $190.463' <br />None <br />Right turn lane at intersection of SR23 <br />Various locations throughout area <br />'NOTE: Expect to use any additional receipts to accelerate debt service <br />payments. Total outstanding debt @ 7/2/13 = $1,311,458.72 <br />S: \Comminvest \Management \Financial Working Files \Finance \Budgets \Budget 2014 \Projected TIF need 2014..xis <br />
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